Insteel Industries Inc. (IIIN) Jumps 17.62% on January 21

Equities Staff |

Insteel Industries Inc. (IIIN) was among the biggest gainers on the Russell 2000 for Thursday January 21 as the stock popped 17.62% to $22.70, representing a gain of $3.4 per share. Some 273,970 shares traded hands on 1,742 trades, compared with an average daily volume of 78,030 shares out of a total float of 18.47 million. The stock opened at $19.94 and traded with an intraday range of $23.48 to $19.00.

After today's gains, Insteel Industries Inc. reached a market cap of $419.19 million. Insteel Industries Inc. has had a trading range between $25.78 and $14.61 over the last year, and it had a 50-day SMA of $21.68 and a 200-day SMA of $18.83.

The stock has a P/E Ratio of 16.6.

Insteel Industries Inc manufactures steel wire reinforcing products for concrete construction applications. It manufactures & markets PC strand & welded wire reinforcement, including ESM, concrete pipe reinforcement & standard welded wire reinforcement.

Insteel Industries Inc. is based out of Mount Airy, NC and has some 790 employees. Its CEO is H. O. Woltz.

For a complete fundamental analysis analysis of Insteel Industries Inc., check out’s Stock Valuation Analysis report for IIIN. To see the latest independent stock recommendations from’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


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